Gulf Oil Corporation Limited (GOCL) is a chemicals-focused small-cap company with a market capitalization of Rs. 1,137 crores. GOCL is involved in profitable operations in Real Estate, Land Development, Infrastructure Contracts, Commercial Explosives, Detonators, Mining Chemicals and Accessories. Hinduja Group-owned Gulf Oil Corporation Limited (GOCL) has three divisions: Explosives, Mining Products and Services, Real Estate and Infrastructure, and Hinduja Power Limited holds its 68.64 percent stake in the Hinduja Group’s marketing company. , GOCL Corporation Ltd., formerly Gulf Oil Corporation Ltd.
For the purpose of 150% dividend, GOCL has informed BSE on 17th June “with regard to recommendation of final dividend for the financial year 2021-22 and vide our letter dated 27th May 2022 as per section 91 and other applicable provisions”. In continuation, if any of the Regulation 42 of the Companies Act 2013 and SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015, the Register of Members of the Company and the Share Transfer Books shall remain closed from Wednesday, July 20, 2022 to Wednesday, July 27. 2022 (both days inclusive) for the purpose of ensuring the eligibility of members for the final dividend of 3.00 per equity share (150%) for the financial year 2021-22 and Annual General Meeting.
Shares of GOCL Corporation is currently trading at 227.95, up 1.79 percent from the previous close 223.95. In one year, the stock is down 12.80 percent, and year-over-year (YTD), the stock has fallen 26.15 percent so far in 2022. Over the past six months, the stock has fallen 22.81 percent, and in the past month it has lost 4.78 percent. The stock has fallen 8.64 percent in the last five trading days, but today it has reached an intraday high 232.15, up 2.77 percent. GOCL Corp. The price is currently trading below its 5-day, 20-day, 50-day, 100-day and 200-day moving averages.